8/9 Bridge Street, Navan
info@smithharrington.ie
046 9021113

Fair Green, Ardee, Co. Louth

Sale Agreed : €200,000
Investment Property

Description

Investment Property

25 Year Lease from 1st January 2004
Commercial building extending to 241.56 sq m
With Parking Space
Tenants not affected
 

The property comprises of a 2 storey restaurant/retail premises extending to approximately 241.56 sq m (2,600 sq ft) over ground and first floor with an extension of 74.33 sq m (800 sq ft) which was added by the tenant. The overall site extends to approximately 0.104 hectares (0.256 acres) with access to the side for car parking to both the side and rear of the premises. 

The unit is currently being used as a restaurant on the ground floor with the first floor which was rented to the tenant as commercial space but has been laid out by the tenant in situ as residential space. The ground floor extends to approximately 121.89 sq m (1,312 sq ft) laid out as seating, kitchen and ice cream bar.

The property is let on a 25 year lease from the 1st of January 2004 with 5 yearly rent reviews . The head tenant is Dominic & Philomena which is currently being run by Martin Murphy trading as a franchise of Apache Pizza.

The property is presented well and is in good condition. It is important to note that the extension to the premises (74.33 sq m) was carried out by the previous tenant. While the property is being used as a residence on the first floor the only access to this is via a rear fire escape leading to the yard.
 

 

Special Features:

Good corner profile in town centre
Income currently available from property.
Potential as investment or for owner occupation.
Off street car parking
Please note furniture, air conditioning and telephone systems currently in property not included in sale.

Viewing Arrangements:

By appointment only

Maps and Directions:

GPS Coordinates: N: 53.8616741 W: -6.5431251

Location (GPS 53.860121, -6.541668)

View On Google Maps

Directions:

Location (GPS 53.860121, -6.541668)

Top